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Mubadala is Emirati, not Saudi. From the article, it seems that just the Vision Fund run by Mubadala has the backing of the Saudis

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Mubadala is Abu Dhabi's sovereign development company; its "mandate is to facilitate the diversification of Abu Dhabi’s economy" [1]. The SoftBank Vision Fund is "managed in the United Kingdom by a subsidiary of" SoftBank Group Corp [2].

Saudi Arabia's "Public Investment Fund was established in 1971 to provide financing support for projects of strategic significance to the national economy" [2]. It is the Saudi analog to Abu Dhabi's Mubadala. PIF is an LP in the SoftBank Vision Fund, albeit a significant and likely influential one.

[1] https://en.m.wikipedia.org/wiki/Mubadala_Development_Company

[2] http://www.softbank.jp/en/corp/news/press/sb/2016/20161014_0...

Mubadala also owns a large part of AMD iirc. edit: they sold the stake for $600M two days ago

AMD stock has had a hell of a run over the last year.. wonder if they anticipate that that slowing down

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